Financial News: Australia Retail Sales Rise 0.6% In October

Australia Retail Sales Rise 0.6% In October

12/01/2024 - 20:49:00 (RTTNews)

(RTTNews) - The value of retail sales in Australia was up a seasonally adjusted 0.6 percent on month in October, the Australian Bureau of Statistics said on Monday - coming in at A$36.702 billion.

That beat forecasts for an increase of 0.4 percent following the 0.1 percent gain in September.

Individually, sales were up for food (0.3 percent), household goods (1.4 percent), cafes and restaurants (0.3 percent) and other retailing (1.6 percent). Sales were down for clothing (-0.6 percent) and department store items (-0.3 percent).

On a yearly basis, retail sales were up 3.4 percent.

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